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BOK starts "unlimited" QE with 5.2 tril. won in repo bids

2020-04-02 9 Dailymotion

한은 '한국판 양적완화' 첫 입찰서 5조2천500억원 공급<br /><br />The Bank of Korea is lending out the first chunk of what it says will be "unlimited" liquidity to stabilize the local capital market... through repurchase agreements.<br />It accepted bids today of 5-and-a-quarter trillion won... or about 4-point-3 billion U.S. dollars.<br />In exchange for certain bonds as collateral, for 91 days these financial institutions can borrow at a rate of zero-point-7-8 percent, which is three points higher than the base rate.<br />The BOK will be holding repo auctions every week from April to June.<br />A central bank official told Reuters that demand today was higher than expected.<br />

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